Australian Senate Committee Makes 12 Recommendations for Crypto Regulation

Australian Senate Committee Makes 12 Recommendations for Crypto Regulation
An Australian Senate Select Committee has submitted its final report on a year-long review of the country’s approach to crypto and blockchain regulation, seeking to guide, for the first time, a clear framework for the domestic digital assets sector.The committee on “Australia as a Technology and Financial Centre,” which submitted its initial report in November 2020 and a second in April this year, tabled its third and final report Tuesday. The document outlines problems identified by leading industry participants and includes 12 recommendations for addressing issues as they relate to the lack of crypto and blockchain regulations in the country.Cryptocurrency…